The Sun. — London, England, 1838-10-11 00:00:00

. , THE SUN LONDON,THURSDAY,IURSDAY, OCTOBER 11, 1838. .... • . Vh11d............1M11AiMbi.dka1MM.11iaa....•••..........11 ...........................*, C() UR T CIRCULAR. MONEY AND CI 1 Y NiI:WS. 'A: Li E REVENUE FOI-1 THE YEAR AND . qtTA.RTEI-1 ENDING ()CT. 10, 183_'. wisps. R 'V -........--- 14 . , sEsDnv.-Tiiis afternoon, at three o'clock, 'mom THU MORNING l'APEitli or TN's DAV.) her " Aleit Y ac - d Highness ( purchases rstock b companie by her Itial the Duchess TIM E S.-The Gov ernman t o are ent, left.-No. 1.-A n A b strac t o f t h e N e t Produce of the Revenue of Great Britain in the Years and Quarters ended 10th of October, 1837, and 10th of October, 1838, chewing the Increase or Decrease on each head thereof. low ne . • the Castle for 41 airin g in the Park. The fol- b een resume d at the Stock Exchange, in the usual form, . . , personages attended her i‘Nv*ty:-Viseount Mel- and by the broker ale :ally employed in such opera- - QUARTERS ENDED YEAR QUAITTERS ENDED YEAR b iQ n .. li e r . l4 nt _ , the Hon. Miss Cavendish, Baroness Lehzeo, Miss lions. The origin of them, linwn.er 3 is neither the money of 4. 4 al i s n, L y, ady 'Jan. 5, I April 5, - .. -- ""MT, "--".-.."-""----• ended ~... --... „ ended 5, Oct. 10, Oct 10, Jan. 5, April 5, July 5, Oct. 10, s Oct. 10, ,--....,------------..„.! ' Increase. Decrease. t Increase . Decrease. C. Copley, the Hon. Colonel Cavendish, Ad- the savings-banks, nor any surplus of revenue over ex- 1837 I 1837 1537 18:57 1837 18N 183 i IS3 i 1838 1832 Lady 1r "- Otraav, and the Hon. C. A. Murray. pcnditure, a Wt.! of the public account to which the IferßAolyaa? Stop - ford followed in li pony phaeton. Customs .- Consolidated Duties 3,297,765 3,2t:7,029 3,121,120 3 931 (82 - 3,60,705 3,153, , :07 3,453,052 3,090 , 000 I - Tar ended Oct 10. I Quater ended 0, t. la - / Treasury has long b-en a stt angel , but the Raids derived from - Highness the Duchess of Glouceeter paid a the purchase of annuities from the Government, which annul- su l a id a a r t p ed u F ty w a ,d poicabk to cons°. - 273,010 1i30,3,2:1) ' * - 303,268 1,310,349- _ tn ,,,c, ,, rn. i ii rl , g , , visit, and lunched with her Mmjtsty. H er R o y a l tics wou ld ap p ear , as wes stated a few days since, to have be- Str 5/C1 (iO5 395 1 4i3 2 , 1 - - • - - - -,,,h . ,as afterwards visitsd the Prince's Augusta at Frogrnore. come a favourite investment of late. Some of the public Sugar Duty applicable to Supplies 772,173 9”6,466 -- ) , 505 : LH34 1 --- t ~ . , - , ~......i - i 33,15$ Total Customs 4, 0 ,39,938 4,436,!:;C5 4 5 4 ",3 t 5 5,135,116 16,37';'4 1 I 4,523, , 78 4,061;70 4,769,400 5,46,i,271 118,•• 2.5,619 1 Total Customs 4r,675 172,450 388,192 and ,h day, Lord John .D.usse , l. the Marquis of L an sdown e , compan i es , as w e ll as individuals, and also the Batt India Excise and The followi ng and Duchess of Sutherland took their departure. Company, have resorted to this mode of employing capital, stamps 1,573,529 1,618,402 1,647,039 1,611 , ,. , 5. 1 6,46 ', , 82 ' 1,544,4‘ 0 1,64'4,194 1,692,134 1,51,476 6,635,204 ,Stamps. . . 46,223 129, :4 19,953 the Taxes . 4 359 40 066 00 36 1 :000 19 1, 33 60, 73 40 79 43018 ,a :0006 .. 2 q :34 , 2 9 3130: 7 4.3 0 1,579,028 130,576 1, , 09,.08 328,045 3,647,157 !Taxes 8006 owing will be included in the Royal dineer party rather then trust , in the present state of politics, to Post O , cc 45,:57 65,003 tLhaispern.ing :-Her Roved Highness the Duchess of K e n t , ma i n t enan ce of the price of the Government securi- Crown Lands 37 '''" 7Z; s''''''' 4 6 1 5 ° ,C ° 10 j ' 5 130 36 ,0 °° 00 ' itot ° ri f t e nds. . 130,000 r ooB ) 9 _"tietoo, Lady Mary Stopford, Lady C. Copley, Ba- ties. Some limit to this is necessarily fixed, for it is Miscellaneous 9,873 26,334 ' Ktj27 2,701 44,637/ , 1 174 25,841 I 0,ft90 8,376 44,781 IMiscellaneous.... 146 5,875 ------ ye _ , . 8 3 . L elmen ; the f-lon, the Misses Paget, Lester, and Ca- obvious, that so large a portion of the public funds 0 ;7_ 1 v h; Viscount Melbourne, Lord Uxbridge, Si r R o b er t mi g ht be offered at the same time for conversion into Total Ordinary Revenue.. 11,400,764 8,463,963 10,712,561 11,19'2,634 42,070;2.2 i , 11,613,744 8,006,134 10,89:1,544 12,126,127 42,645,549 1 Imprest arm other Moneys, includ lmprest other Re-payments of Advances f.'.2,417 ".1,1- a the Hon. Colonel Cavendish, and the H o n, C. A. annuities as .to create an additional perplexity at the 983,134 ' Moneys 165,718 +l.lr . Ib n r g Public Works.. ra.t • Treasury how they are to be provided for to the ways and 187,995 ______]N,l7l___L____7o,7l9 ________ , 2oo,s3l 817,416 1 188,189 ..... I!______3,sBo 448,418 ' 227,94• S 96 , ,718 2'25,673 663,916 5,006 tvTatetTurkish, Russian, French, and Greek Ambassadors means of the year. The Government only devote to this Total Income 11,5 8 ,4,759 8,622,134 10,983,5% 11,693,165 S 42,5557,638 II 11,101,932 8, I 2f,714 11,347,962 12,349,075 I 43,628 . ,' 83 --- -------...-__ --- Deduct De. purpose a sum of 500,000/. in each quarter, and there is little rhe Amount applied to the Con crease. 431 0 , r sd business ,yesterday at the Foreig-n Department. 1 I f 67 '34 132 011 9 , 7 I 1 , doubt, from the transactions which have become known, that solidated Fund 8,423,535 5,780,326 7,251,669 8,112,69., , 29,396,049 I 9,011,342 6,481,319 0,829,102 . 9, , ~ •' . , - i Dcdu ct Decrease; 225,673 1 8,006 por'_'. business Vir.iers transacted business yesterday at tne this limit must have been reached of late. When stock is _I- - 1 - - - - - 7 1 1 !tt_ iDi apartrwant. e L zelt , anged in a direct manner for annuities, no process of pun; Ditto, to pay off Exchequer Bills a ct ed businessr‘ litary Secretary to the Commander-in Chief trans- c harged OD Sugar D Dtto, as part ol* the Ways and - I Increase on ci ,asin g for redemptlon is of course, required ; but as the pur.. Means of the Year r,,,1 , H . . t 3,165,924 2,841,8ra 3 ,731,911 2 980 473 l3 191 cF9 ', 2 '790 590 1,645,365 4,518,1460 2,541,941 i 1 ',1'30,756 Count,, .!esterelay at the Horse Guards. -____. .i'ne option of . paying for them in money salsa- • chasers havg, Total 44 th,„,:, PO di odi Borg°, the Russian Ambassador • ; Don 1.,.„A .. . 1 _ 11,*8,759 8,6A134 10.983.un 7i ~,, ... 1 A., ow, .na 'it Rill on 9 1 9 too 714 111 Rd 7 Orq I 1 , - , mio_o7s ;-------43.628.W increase on the,- .7 - 11.7 --- 4. I . ... theattrlalroter urkish, Russian, French, and Greek Ambassadors tll32..s.ateted business ,yesterday at the Foreign Department. r:Sir George Vir.iers transacted business yesterday at the ° eign Departmk• t • Th e -1 ' • act ed - - I . l tarY Secretary to the Commander-in Chief trans - business Festerday at the Horse Guards. Count Poe;L; di Borge s the Russian Ambcssador; Don n tl'i de A, ;Ittibllo de cuilar, the Spanish :Minister ; and the Chevalier (Larcen), Portuguese Charge d'Affaires, transacted ine" Yr the Ater ay at Foreign-office. r aj, . yesPe:rehes were f orwar d e d yesterday from Downixe-street b "")rd M e lb ourne at Windsor. th e e -•! 4 P'•te'nes, d ate d M ay 1 0 , were rece i ve d yester d ay f rom . 6 - "ernor of the M aur iti us . tches, d ate d J u l y 16, were rece i ve d yester d ay i n - 15 fir 'g-street from the Governor of the Cape of Good Hope. 1),,,• -1 patches were forwarded yesterday from the Foreign * e ` l ftment for th e B r i t i s h Charge d'Affaires at Teheran, at 'C'ourt of Persia, and fur the British Charge d'Affaires at P tersbur g h. t h e "' ''spatehe,, dated the 4th inst., were received yesterday at tern Ftn`d'reign Department from the British Mini s ter in Swit -13.1da ' "P rt ntches were forward:A yesterday from the Foreign ment for tandhe B R, ritisli, Mini,ters resident at the Courts of 4 !Ples, G reece, onie. SHIOY.ABLE INTELLIGENCE. \-kr ARRIVALS. ev k v.: 1111 ( 1 Fitzjames Watt, at the Carlton . Hotel, from of 11 ,""uanIA, near Chester ; Monsieur Vtce- President C rnamber of Representatives, and Monsieur du Jardin, li r tart' t o the Minister of Finance of Belgium, Madame Fe sien"'Failon, and Madame and Mdlle. Du Jardia, and Mon tarin, a t di tto, from Brussels ; t h e H on . C apta i n an d il lary Hood, at the Marquis of Downshire's res . tdence, in 11"er-square, from a visit to the Dowager Vlscountess ‘ l3 ;: ( l l 4:l7 rom bi'leY Abbey, near Coventry; the Hon. Edward Brighton ; Sir Charles Scudamare, M D., in Pole- street, from Buxton. DEPARTURES. a t te ct B ; l:r a j r ° :li h o ri ti ;Strwitrt Fo:bts and Lidy liarriet Forbes, from 'dote], f or P ar i s; Monsieur and Madame Lupin Sti e Y. fro m di tto , f or di tto ; B r , runs d e Boos:ellen and de fr o r'", from ditto, for SAitzetiand ; the Earl of Thanet, 141 gid s 9 c,n naugln-square, for his seat, HAhfivld place, tear t r i ; Lord Say, and from Grosvenor• street, for Clie t- bl en fi b ; Sir Augustus &Este, from Cohn tught-square, for CHANGES. EarlandZountos of Cork, at thAr seat . Marston J o h r , e, nrar Fror.ne, Somerset, from Leamington ; Sir ale,, a at ild i Lady Anne Be c k e t t , on a v i s i t to t h e E ar l o f Lons 14ted,. Castle, W e stm or l an d, f rom t h e i r seat near ;it st, i-or':1 a n d L a d y H anarden and the Hon. Miss Mamie, a fit, B. iron) a visit t o L o , c 1 and Lady Worsley. at their his s reltlesby, Linc it ; Sir Chas. M iigan, Bart., at at b e ; i ' L. L. T,edegar, front Cheltenham • Lord Eded Thynne, fto,lith Palace, on h visit to the 'Duchess ButTleneh, at I;: lair Atholl, Perthshire; Sir Frederick Bathurst. Bart., b o 18 seat, Clarendon Park, near Detizes, from a visit to the l)• W ger Countess of Pembroke, at Wilt,4l neAr Sa -133,4111,1'../; Colonel Peicivul, M P., at his seat, Temple House, at-,,,"Ymote from a visit to Viscount and Vi , eountess Lorton, veliockinham, Boyle; I,rd Somerville, at his seat in War. tlykshire, from town ; Sir 1.1 , 1)ry and Lady Durant, at their dry Seotton Hal, Norfolk, from Bo, : not ; Sir Graham and ,itty Mo ore , at Portsmouth, from Brighten ; V ;scoubt Maid .M. P., at Eastwell Park, the at 41. of the Earl of Win- I 'sea, in Kent, from Northamptonshire; Viscount and Vis t('n4lteB4 Rodney, at Tredegar, on a visit to Sir Charles Mar -11 , from Gloucestershire; Sir W Brook and Lady t b." at Hastings, from their seat in Kent ; Sir Edward -,e a N rbbnil,seat, Mershon) Hatch, Kent, iSit to the E ar l o f Winchilsea, at Eastvrell Park. (FROM THU MORNING PAPERS or TMIS DAV.) TIMES.—The Government purchases of stock have been resumed at the Stock Exchange, in the usual form, and by the broker oitlic;ally employed in such opera tions. The origin of them, linwever 3 is neither the money of the savings-banks, nor any surplus of revenue over ex penditure, a st ;to of the public account to which the Treasury has long been a sti angel , but the ftilids derived from the purchase of annuities from the Government, which annui ties would appear, as was stated a few days since, to have be come a favourite investment of late. Some of the public companies, as well as individuals, and also the East India Company, have resorted to this mode of employing capital, rather than Oust, in the present state of politics, to the maintenance of the price of the Government securi ties. Some limit to this is necessarily fixed, for it is obvious, that so large a portion of the public funds might be offered at the same time for conversion into annuities as to create an additional perplexity at the Treasury how they are to be provided for id the ways and means of the year. The Government only devote to this purpose a sum of 500,000/. in each quarter, and there is little doubt, from the transactions which have become known, that this limit must have been reached of late. When stock is exchanged in a direct manner for annuities, no process of pur chasing for redemption is, of course, required ; but as the pur chasers have ',tie option of paying for them in money calcu lated n; the average price o f th e stoc k on t h e d ay b e f ore , an d ending commission or brokerage, the stock is in that case purchased by the Commissioners for the redemption of the debt, and immediately cancelled, which latter operation has just commenced. The extent to which it is to be carried can only be known to the Commissioners themselves. On the whole these purchases tend to give a support to the market which, in the present state of money, comes very seasonably. During the greater part of the day the funds remained at the closing quotations of yesterday, with little doing, but a short time previous to the close of business a slight decline took place iii Consols, which left off at 94 to f for Money and Account; Bank Stock was 207 k to si ; India Stock, 261 to 2. Exchequer-bills, 69a. to 71e, premium. The Foreign Maeket was heavy. Spanish Active with the May Coupons, l 8 to ; Portuguese, 5 per Cents., 334 to 44 ; the 3 per Cents., 21-1 to 24; Brazilian, 79f to 80; Mexican, 23 to f ; Colombian, 24+ to Dutch per Cents., 53f to 4; the 5 per Cents., Noe to 4. In the Railnay Share Marfiet there was little animation. Great Western clt chin dto 12f to 13} premium. London and 13irminehem were 82 to 4; I‘l,nehester and Birmingham, e to it; North Midland, 2 to 3 ; Southampton (New), 21 to 2 premium ; Southampton Old, 4 to 3 ; Brighton, 2i to I; Bl,ckwall, 2& to 1f di-count. An arrival fiom Halifax, Nova Scotia, brings dates to the 4th of September. The papas are occupied with details of the new ConstitutiLin, by c+ hick the British American provinces are to be united in - one confederation. . . RONICL E.—Affairs at the Stock Exchange generally remain much in the same state, and do not furnish matter for any particular comment. The Corn Market at Mark-lane was to-day again op pressed with the fernier num, roux samples of new English and Irish wheat. The iliferiority of the quality has had - the eff.ct of preventing c,pitalists from taking it on speculation, unless at a reduction in price, which brings the article to a rate which des not repay the hurry ng of the corn to market, and wh'eli will probably slacken the over supply on the suc ceeding market days. Adverting to the manlier in which the averages a. e lowered by the inferior quality of the grain, there is enether view of that branch of the operation of the Corn laws, respyetlior which a great deal of calculation is going for ward at. Mark-lane. fly the new Corn-law of 1826, the man ner of taking the average, was entirely enanged; for under the old'system the prices were taken from only eleven principal market towns in England, excluding altogether the prices of Irish core ; but by the new system the averages are taken from one hundred and fifty places, many of them in Ire land. where wheat is at all times 25 per cent. lower than in England, by reeson of the in;eriur quality of the article, and the necessity of selling it at a rate which will repay the charges, freight, insurance, and other expenses to England. In this manner the influence of Irish corn is very extensive on the get:erel averacts, as the operation is doubled by selling the wheat in the first instai ce at the lower price, which is ob tained in Ireland, and by including it again in the returns from the English market, where it is ultimately sold for con sumption, and brings a less price by full 10 per cent., in con sequence of its interiority to the English corn, with which it has then to compete. By some of the calculations at Mark lane, it is argued that by the present system of averages the real price of wheat is always kept down in appearance full ss. per quarter below the price which the English landholder re ceives, and these gentlemen assert that but for the inferior quality, and consequently inferior price of the Irish wheat, the ports would have many times been, in all probability, opened within the last seven years. This view of the subject is considered to la, highly important, however little it may hitherto have been noticed by the writers and debaters on the question of the Corn-laes ; for it exhibits the oppressive, selfish, and deceit ful nature of the K hole contrivance, as much more favourable to the English landholders than has generally been supposed. In fuming Ile Corn-law of 1826, it was pretended that the new system would be a more lenient one to the manufacturing in terests ; w hereas, by the changes in the mode of arranging the Averages, there is now full five shillings per quarter more for the landholder than the law pretends to assume; and the diffi culty of getting the ports opened has unquestionably been much increased since the passing of the Corn-laws. Owing to the inferior quality of both English and Irish wheat 'of the growth of the present year, an opinion is very prevalent that in any future alteration of' the Corn-duty, if the fluctuating system be retained, some method should be discovered of striking the averages at an ad valorem rate, though there is in reality no person at Mark• lane who is not thoroughly satisfied that a free trade will at an early time be most imperatively re quired by the wants of the population ; and that there ought to be no impedirneet to the free importation of food, other than a reasonable fixed duty, to be levied, not with the intention of protecting the landholders, but for the purposes of revenue alone. POST.--The public securities have again been but very littlo dealt in to. day in either of the markets, and prices of almost all descript , oes of Stock closed this evening as they did yesterday. An improvement in the Treasury returns for the financial quarter ending this day was once more talked of among the moneyed men and jobbers, but we have no esti mate given of the probable excess they may be expected to exhibit, as compared with the public accounts for the same peried I , st year, which, however, were most unfavourable; nor had the assurances given of a considerable increase in the present instance the effect of producing any additional specu lation in the Funds. This would hardly have been the case, we should suppose, were the atnotv,t really likely to be at all large. after taking away the special item of duty lately re ceived at the Custom.howe on foreign grain. It is, however, needl'sa to dwell up .n the matter as the facts will now be so very shortly in the hands of the public. There have been some few transactions in S%.ares sir ce yes terday. but they tended, as far as reuld b.• ascertained, rather to show a willingness to realize than the contrary. HE R A La—The continued ahsene, of arrivals from our East India i.ossessions and the United Stites lvis exposed both classes of merchants to considerable incorivenience, which, however, has in some measure been obviated by the fact, that houses of credit could easily obtain advances, although latterly they have been compelled to pay higher rates of interest. Amongst other causes for the pressure of sinewy, it is untier stood that the late sudden irnourtations of corn have been a very important item, which, however, a few weeks may entirely dissipate. The value of money has not materially altered, although on Exelieqtva. Bills it might have Leen obtained from day to day at 321 per cent. in the Foreign Market ; it continues to range at about four per cent. Total 11,5E8,759 I 8,622,134 110, 5401 r 9) 165 ;4.) 887,63'4 11,801,033 8,129,714 111,347,062 112,349,075 :43,628,W1' • Y ear ----- No. IL—lncome and Charge of the Consolidated Fund, in the Qtiarters ended the 10th October, 1837, and the 10th October, 1838. .. Quarters ended Oct 10. Quarters ended Oct. 10. • „.----...-----..---, INCOME. 18 P--- 37 --- 1[ 38 CHARGE. 1837 1831 ----. Customs.—Consolidated Duties 3,931,082 3,990,050 Permanent Deb' 3,401,8"3 3,116,521 Sugar applicable to the 1,386,v65 ; 1,391,897 . Terminable - Annuities Consolidated Fund 211,5 c ,'5 :?3,869 Interest on Exchequer Bills issued to meet the charge on the Consolidated Fund Sinking Fund 3O 4381 Total Customs 3,931,02 3,990,b50 The Civil List Excise Stamps Taxes Post 011 ice .. 418,006 410,000 Total Charge Crown Lands 65,003 The Surplul Miscellaneous 203,232 :134'124 10,408,676 10,891,f52 10,188,111 10,59 1 ,652 To Cash brought to this Account to The Amount of Exchequer Bills issued to meet the charge on the Consolidated Fund for the Quarter ended July 5, 183% and paid replace the like sum issued, or to 7,6C0,946 off out of the growing produce of that Fund for the Quarter ended Oct. to, 1•38 be issued, out of the Consolidated The Amount issued in the Quarter ended Oct. 10, 18.3 , in part of the sums granted by Parliament out of the Consolidated Fund "' Fund in Ireland, for Supply and 2,581,941 for Supply Services ; The Surplus of the Consolidated Fund Quarter ended Oct. 10, 1838 — other Services 1 10,4. ~ i 76 1 10,591.52 H The probable amount of Exchequer Bills required to meet the charge on the Consolidated Fund, Quarter ended Oct. 10, 1538 4,778,038 GREAT WESTERN RAILWAY MEETING AT BRISTOL. (BY EXPRESS.) A meeting of the Directors and Proprietors of the Great Western Railway Company took place yesterday, pursuant to adjournment, at the Merchants' Hall, King-street, Bris tol, for the purpose of confirming the Report of the Direc tors, presented at the General Half yearly Meeting, on the 15th . August last, when, it will be in the recollection of our readers, the Report was, after considerable discussion, pcst poned, to afford the Shareholders an opportunity of inves tigating the accounts. The meeting of yesterday was at tended by a large number of Shareholders from London, Liverpool, Manchester, Birmingham, and the north of ing, two assistant engineers have been appointed, who have recently finished works cn the London and Birmingham Railway. Information has been received this day, that the eastern arch of Maidenhead-bridge is perfectly free, the centerings having been eased, and there being no per ceptible subsidence. The state of this work cannot fail, therefore, to be satisfactory to the Proprietors. In the last report it was stated that the Directors had applied to Mr. Woad to undertake a course of experiments upon the Rail way for the purpose of assisting the Directors in their fu ture plans for this Railway. Shortly after the meeting a suggestion was made to the Directors to nominate Mr. Hawkshawe, the engineer of the Manchester and Bolton Railway, to a similar duty, with which the Directors in stantly complied. The proposal was made to them by an influential Shareholder of Liverpool, Mr. Crosthwaite. From Mr. Wood the Directors have received a letter, stating that from the nature and extent of the experiments through which he is going for the purpose of arriving at a sound practical conclusion, he has been prevented from drawing any conclusion from these experiments to the pre sent time, and he says that it will still require some weeks to complete them. From Mr. Hawkshawe a full report had been rec is nit e e coming justifiede t ra r i l nev , o w eut ir l orn t ta i c atbg h hnl tsse phot present ceot hshDet conclusion—on lea: t en, o ltstu r ee s ns :ono. theya—Nfv hrao.an n n v%oee%trn.Wood's rd entire hesitation hitherto alterationi a n o saying teod Th the plans, and the Directors cannot admit that they would be y consequences. As, however, the of jest of think that it would be attended with the most mischievous ' e s t o t e fi , e x t rpDaerrii):,e Directors o le t r s y s , throughout is to arrive at the complete truth, they propose to call a Special Meeting of the Proprietors as soon as they shall have received Mr. Wood's final report, in order to lay the subject before them in all its bearings, furnishing such information as the engineer is able to give, when it is hoped that some practical conclusion will be arrived at. I may ,just allude to the Clause in the Act which precludes the introduction or discussion of extraneous topics, and I be lieve that Mr. Heyward' is now in possession of the England ; arid long before the hour for taking-the Chair had arrived, the laige room was completely filled, as ware the two adjoining rooms at a later period of the day. At one o'clock the Chairman, Deputy Chairman, and Directors, accompanied by the Solicitor of the Company, the Engineer, Mr. Brunel, and the Secretaries, Messrs. Saunders and Oster, entered the room, and the chair was immediately taken by W. U. Sims, Esq., Chairman of the Board of Directors. The CHAIRMAN said, Gentlemen, the consideration of the Report was defined as embracing so much matter for deliberation, and the Directors not hesitating to give the time that *was asked, think the proper period is now arrived for discussing it, and knowing the sentiments of the meet ing as to the conduct pursued by the executive authorities of the Company. If it had been supposed that the Di rectors had formed some premature resolution on the merits of that Report, for the purp‘se of assuming an unqualified approbation of every plan and prin ciple adopted in this line, they beg distinctly to disclaim any such motive. On the contrary, a very slight glance at the Report, itself would betray a candid admission by the Board that some faults had been com mitted ; that defects in the execution of parts of the work manship did exist ; and that the minds of the Directors were not then made up to the best course to be pursued in respect of laying the rails. These circumstances I merely advert to in order to show the fallacy of an argument that has been insisted on, that a decision upon the past must involve a committal' of opinion for the future. The two points seem to us quite distinct, and some opinion, some decision must this day be pronounced upon that Report. It is demanded by a sense of justice to the Directors—it is required by an urgent claim on behalf of the general in terests of the proprietary—it is not exacted as a means of committing the Company to any specific plan for the future. These plans may with propriety, nay, almost of neces sity, must become the subject of distinct and future deli beration. The Directors abstain from laying before this meeting any full Report which might have a tendency to provoke controversy or discussion, and if not lead to some further adjournment of the ques tion, upon the same reasoning as was given at the last meeting, for time to consider, it might nevertheless divert the attention of the Proprietors from the actual business of the day—namely, the consideration of the half-yearly Re port, presented on the 15th of August. Two or three points, however, bear so closely on the contents of thi s d - - Meeting. Mr. CROSTHWAITE thought it would be most satisfac factory to the Proprietors if the Directors would allow the report of Mr. Hawkshawe to - be read. He did not wish to suggest any course that would lead to embarrassment. The CHAIRMAN—'Fhe Directors were of opinion that such a course would be productive of much embarrassment and inconvenience. CURRENCY AND EXCHANGES.—It is no wonder that currency and exchanges have, during the last fifty years, been in a state of contusion, for the history of most banks has been little more than a history of deviations from correct bank tisav-!s. In all, or nearly all countries, banks are, to a greater or less extent, fiscal machines. and every Government makes them such wh , n it receives bank notes io the pa} mont of the public revenue.. The greater port of the paper-issuing banks on the Continent of Europe ere, in a strict sense, Go ye+ nment banks. So also is the Bank of England. Its chief business is that of exchanging Exchequer Bills for Bank-notes. In some years the whole of its advances to merchants have not exceeded 1.000,000/. or 2,000,0001. sterling, while those of a private firm have amounted to as much as 20,000,0001. ster ling.—Commercial Gazette. The inquiry to which we adverted some weeks since as having been .committed to Mr. Barry, Mr. De la Beche, and others, in reference to the stone to be employed in the erection of the new Houses of Parliament, is at length com pleted, specimens having been collected, and contributions having been received, from quarries io nearly every part of the 1 kingdom. Some time, however, trust elapse before the making of the report, as the qualities of each sp,cimen are to form the I subject of very careful examination and enulysis in London.— Mr. CROSTRWAITE—We understood that report would be forthcoming at the present meeting, and we were re quested to withhold our opinions until it was laid before us. preveht any hasty decision being come to on what wds a very important question.—(Hear, and cheers.) Mr. HEYWORTH thought the circumstance of alai," sci entific men taking so long a time to investigate the work ing of the system, was in itself conclusive, and condemned the report unseen and unheard.—(oll!) Whatever the report was let it come out. The CHAIRMAN-It shall come oat as soon as we have received it. _ _ Mr. lIEYWoRTH—But in the mean time the d e l a y i s operating in the most disadvantageous manner. I see nothing to result from it but a procrastination of the ; evil.—( Hear.) The CHAIRMAN—I deprecate the delay as much as any one possibly can ; but it was not of our seeking.—(Hear.) It was called for by the meeting, and the delay cannot be charged upon us.—(Cheers.) Mr. HoyEs said the Directors themselves had called. upon Mr. Wood, Mr. Stevenson, and Mr. Walker for reports. It did not ema:late from the Proprietors but the Directors. They called upon the meeting to place confi dence in their engineer, but they themselves appeared to place no confidence in him.—(Loud cries of " No, no.") He protested against. the Shareholders being held respon sible fur the proceedings that had been adopted. Mr. FRIPP said atter the works had got. to a certain stage some defects of construction were discovered, and rumours of all kinds were abroad. That had led a great many Shareholders in the North of England to wish for an examination of the line by some other engineer, and it was from that . quarter that the request had emanated. It was not from a distrust of their own plans, or a distrust of the competency of their engineer to carry out those plans, that the Directors had assented to the examination of the line.—(Cheers.) Under those circumstances be put it to the meeting whether the appointment of Mr. Wood could be considered the act of the Directors. It was not an act of compulsion on Their part, but in deference to the expressed wish of a large portion of their constituents. With respect to the delay, Mr. Wood had been applied to in the beginning of August to survey the line, but it was not until the 7th of September that his numerous engage. ments permitted him to commence his experiments. He had recorded these experiments, and had left assistants, with proper directions, to follow them' up ; but sufficient time had not yet elapsed to receive his report. He appealed to all those who knew Mr. Wood whether the whole course of his conduct as a practical man, did not justify the Di rectors in placing reliance upon his investigation.—(Hear, hear.) Eight or nine years ago Mr. Wood had been em ployed on the Manchester and Liverpool line to ascertain the performance of locomotive engines, and he was then engaged with Mr. Peter Barlow on the London and Bir mingham line, and everything that had emanated from him showed that implicit reliance might be placed on his opi nion. It was not opinion alone they would have from him, but calculations derived from actual experiments. If they now proceeded to decide upon the most itnportant:points regarding the line, without hearing Mr. Wood's opinion, they would be acting in the most suicidal and rash man ner.—(Loud cheering.) (t) they e T Atyli l l t rae e .d o C pcpl u otrce A mNd i pA a asi m nuß A ye ; Directors ed inly hate unfair c A e ir to W the o c d o , n i - f elusion that it would be highly prejudicial to the intere-ts come . t was unfair to pres . s such o a question upon the Chairman ; under any circumstances. the report must be a one-sided report. If they received the one without the other it would create an impression whi c h, o n the receipt of Mr. Wood's, might be found to be quite e r roneous, and as their worthy Chairman had stated that a s pecial meeting would be called to consider these reports; he hoped the meeting would not press him to read one, until both were before it.—(Hear, hear.) Mr. Hawkshawe had never, he believed, been mentioned to the Proprietors, and it appeared that the Direc tors, whether right or wrong he would not stop to inquire, had, at the instance of a private Shareholder appointed him t o s urvey the line. The authority given by the meet ing was to Mr. Wood ; and he thought they ought to abide t—ahanoTcel h:gueleisrt:e; his re port before they entered upon the subject.---:(Loud cheers.) Mr. CROSTIIWAITHE said if there had been no report from Mr. Wood, be agreed with the last speaker, that they ought not to enter on the subject, but as there was a report from him, it was the property of the meeting, The CHAIRMAN could not characterise Mr. Wood's let ter as a report ; it merely stated the course of experiments be was pursuing.—(Cries of " Read, read," and " No, no.) Mr. CROSTHWAITE—The meeting will be able to judge of its value when it is read. Mr. MORTIMER thought it would be unfair to Mr. Wood if the other report was read without. his. Mr. SWIFT was of opinion that they ought to have both reports produced, or neither. Mr. A. HOYES contended that Mr. Hawkshawe had just the same authority to report as Mr. Wood. Mr CaosTuwArrE believed the name of Mr. Hawkshawe as the a ble and intelligent engineer of thl Bolton and Bury line, had been mentioned by Mr. Fripp, one of the Directors. Mr. FRIPP de nied that .he bad used the epithets whi.4l t si l u Ta :. bad been ascrib ed to him in the newspaper report, as h e en praise or dispraise of Mr. Hawk simply Mr. Hawkshawe had been sele c t e d sin was not aware of an y peculiar railway experience Possessed by that gentlem an. He knew of nothing which could in duce onic oles phealikev ie urrenc e with the suggestion of Mr. Cros thwrite. Some further discussion took p lace, in th e cours 3 of Hawkshawe observed „pewasc ofrusi t i h wy a o t eug h ldu e aln believed ot to hthala, et the of t theirexperience hhe l d own of Ai rc en gineer ; and thatif his (Mr. Hawkshawe's) report had been favourable, from the meeting. ocunient, that I cannot forbear to mention them inciden tally, either in corroboration of statements there made, or in explanation of the views then expressed by the Board. First, with respect to the traffic, I may mention, that every hope of increasing business has been fully sustained in the interval since the last meeting. The total receipts, from the 4th of June to the 7th of October, a period of 18 weeks, has been 29,694/. ss. 11d.—(Cheers.) Taking the traffic on the whole, it gives an average of 1,6491. 13s. per week from the opening ; whereas the average, at the time of the last meeting, was only 1,5971. per week.—(Cheers.) Taking the receipts in each succeeding month, it will be found that June produced £6,459 16 2 Jul) August September —(Great cheering.) I may dismiss the subject of receipts with the simple serviition, that I believe no one can he disappointed in that branch of the business.—( Hear, hear.) Of the expense. incidental to the traffic, I hope a short statement wilt serve to dispel some of those most unfounded reports and rumours which have been industriously pro mulgated. A very full and correct account has been taken of every charge en the receipts of traffic up to the 30th September, which shows that 10,925/. 12s. Id. covers every expense (except that of maintenance of way) upon a receipt of 28,1731. I6s. 11d.—(Much cheering.) The last Report stated fully the reasons why the cost of maintenance of way could not then be fully ascertained, and suggested how the same should be determined for an allowance under that head. The Directors have now let; by tender and contract, the repairs and maintenance of 14 miles of their Railway, and have received offers for the remainder at the cost of 61. per mile per week, during the six winter months. This, in ltd.., establishes the proper scale of allowance for that service, and, being added to the expense, will constitute a total charge of H 3,271/. 12f. Id., or at the rate of 47i per cent., on the coaching receipts of the Company to the 30th Sept.—(Hear, and cheers.) ltt stead of spending 3001. per day to secure 2001., as was more ingeniously than correctly asserted, it will be seen that the proportion of expenses to receipts is smaller than that CM other lines, where the accounts have been distinctly stated. With regard to the cost of laying the rails, and longitudinal timbers, alto dwelt upon in the last Report,the Directors have been very anxious, for more reasons than one, to get the most certain information to lay before the Proprietors. For this purpose, after having a specification drawn up, to embrace a heavier rail of 601bs. to the yard, and a thicker scantling of timber, adopt ing the simplest method of laying them, without piles or any support from transoms, they procured tenders for every branch of that work, and they can be now let by contract under 7,0001. per mile, including every expense.—(Hear, hear.) This may be relied upon, as an actual offer has been received from a responsible party willing to undertake the distance between Maidenhead and 'Fwyford, which must be the next portion of the line to be laid with rails. The Directors think that no other course could furnish so good a test of future expense, and refer to it with confidence, in corroboration of their estimate taken at 8,0001. per mile to be on the safe side. With respect to the works, I have to state that the Reading contract , taken nut of the hands of Mr. Ranger, has been let to three sub -contractors under an engagement to finish it in seven months. The opening of the Railway to Rus combe and thence to Reading 'is fully appreciated by the Directors, who would lament that any sus pension of th e i r d ut i es s h ou l d seem to cast d e l a y andupp p l aioreneel Director in laying nthet lfinale rails p d l e a et consequencei e en r m oot fhf i n aAo a tiu t r i r o . n o district. f The appointmentcompleting t h , in e c H n t o e / k t n s n . 11 as a s n t o r o t n g yet a p t i a n k i o e n n that it would be placing any gentleman in a state of un merited distrust who should now be associated with the Directors, until they themselves could feel warranted in exercising the prerogative of choice by a vote of confidence from the Proprietors.—(Hear, hear.) After the very long and unusual delay which has taken place in confirming their Report, they beg that you will no longer hold that subject .n doubt. or suspense, but proceed to the consideration of it once, w , ,tit a calm aod unprejudi ce d d ispos i t i on, to d o what seems . just to the _Board of Management and consistent with the interests of the Company. Since the last meet- Mr. HOYES wished 'to know how the Shareholders were to get the opinion of their engineer. So far as he had oc casion to apply to the Directors, he must say that they had never made the slightest concession to him. Dr. CARPENTER believed that application had been made simultaneously, in the month of August last, to three engineers, in consequence of the public obloquy thrown upon the undertaking. and the various reports that had gone abroad, in consequence of what was declared to be a failure of their system. lie objected to the reception of one report until that of Mr. Wood was produced, because it was his which the meeting had sanctioned. TO entertain the question without that report, would be most absurd. When he saw the wise and cautious proceeding of the gen tlemen on the other side of the table, he entertained no doubt that they would withdraw further opposition, when they saw the sense of the meeting was against them. He could not but believe that gentlemen who had acted so honourably throughout would at once waive their claim to have a one-sided report read, and proceed to the business really before the meeting. They were placed in a difficult position. They were called together, after an adjournment of six weeks, during which time the energies of the Directors had been paralyzed ; and if there was now no motion before the meeting, it appeared to him that it was time to bring the matter to some conclusion. For himself, he would say, that since the last meeting he had cautiously avoided any public or private communica tion with the Directors, and he knew nothing of their pro ceedings or opinions except what was before the public. Having in that interval made himself acquainted with the progeess and working of th e R a il wa y, h e n ow waited with same solicitude to see what course the gentlemen from the North, with whom the postponement had originated, would pursue. If they were not prepared to make any proposition to the meeting, it would then become his (Dr. C.'s) duty to do something of the kind. After some further desultory discussion, Mr. Pititiwin rose to order. He begged to ask the Chairman what question was before the meeting? Mr. HOYES was not at all desirous to throw obloquy on the Directors. One of the wisest steps they had ever taken, was to apply to these three engineers; and he and . his friends certainly held the opinion, that the calling in of these three gentlemen, showed that the Directors had no confidence whatever in the p lans of their engineer.—(Loud cries of-" No, no.") The CHAIRMAN denied e mphatically that such was the The CHAIRMAN—I think that imputation uncalled for and unjust. We utterly disclaim any wish to keep back the report merely because it is unfavourable.—(Cheering.) Mr. GIBBS, one of the Directors, said they were wil ling principle same to a a ci t li t po m ire i i tty of t as a that irm 'S r l . r. . H Wood.awk s h arrwhree They dida s actingnot w a u n n t d t e o r the same authority as M r . Wood . T h ey d i d no t want to de the va l ue o f M r. H aw k shawe ' s report, b ut on the play to have both produced together. The CHAIRMAN --The instructions to both gentlemen were verbatim, and the proceedings in reference to their reports should he pari passu. He regretted the delay, and admitted that it would enhance the value of Mr. Wood's report if it had been received in time. Mr. HEYWORTH begged to ask when it was likely they would have Mr. Wood's report ? The CHAIRMAN —In his letter be states that the course of experiments be is engaged in will take him about three weeks to complete, without making comparative experi ments on other lines. The comparative experiments would perhaps take about three weeks more. Mr. HovEs—lt appears we are engaged in a course of operations in which it, requires one of the first engineers in the country two or • three weeks to make up his mind, al though we were told that any man of intelligence would find the advantages out at once. Mr. SWIFT would ask whether the Directors, in the face of the adverse report they now held, were deter mined to go on with the same system ? It would be better to read the two reports as far as they went, and then the meeting might be able to come to some conclusion. The CHAIRMAN said if there were two reports, hewould I be happy to produce them ; but the meeting could not s urely mean tordecide upon the opinion of one party only. Mr. HoYEs inquired what course the Directors proposed to adopt in reference to these reports? Would they p rint and circulate them among t h e Shareholders before they called the special meeting ? It would be desirable to do so, in order that the shareholders should be in possession of the information they contained, and obviate the necessity of further adjournment. The Climax:A N was ready to take the sense of the meeting on that •suldeet. The Directors had no objection to the reports being printed and circulated, say a week or ten days before the special meeting was called. This would Observer. The inhabitants of Chelmsford have, at a meeting held for that purpose, determined upon presenting Mr. Bea con with a piece of plate in gratitude for his public spirit, in laying informations against the 42 bakers of that town who sold their bread under weight. Mr. Beacon is a gentleman of consid.trable fortune. —Essex Standard. TRANSPORTATION. —It appears from the Report of the Committee that the condition of the convicts in the chain gangs is one of great privation and unhappiness. They are locked up from sunset to sunrise in the caravan or boxes used for this description of persons, which hold from 20 to 28, but in which the whole number can neither stand upright nor sit down at the same time (except with their legs at right angles to their bodies), and which in some instances do not allow more than 18 inches in width for each individual to lie down upon the bare boirds; they are kept to work under a strict guard during the day, and subject to flagellation, &c. The work appointed for the convicts at Norfolk Island and Port Arthur, is of the most incessant and galling description, and anv disobedience of orders is instantaneously punished with the las . h. So horrible are these penal settlements that men corn mit crimes which they know will subject them to be hanged in order to be sent to the paradise of Sydney. They pre ferred death and would rather go to Sydney to be hanged than suffer the torments of Norfolk Island. Men cut the heads of their fellow•prisoners with a hoe while at work with a certainty of being executed for it, in order to escape the hoe rs f the pen a l sett l ements o f t h e pans ! co l on y. Men placed i such a horrid situai i on h ave ma d seve ral iten . l ierate attempt ,, t mutiny, and 20 were shot or executed in. 1834. Judo; Burton said, "te see these convicts herding together without as chance of improvement was painful in the extreme." Case. Mr. HEYWORTH fully approved of the course pur sued by the Directors, and he believed that the call ing it: -of the three engineers was not so much from any want of confidence in their engineer, but from the noise without.—(Cries of " Hear, hear.") Calumniating, as they would say, but as he and many others believed, stating what was the truth. He gave the Directors credit for the course they had adopted. There was nothing inimical on the part of the Shareholders towards them. All the Shareholders wished was, that they should possess all the information they possibly could, so as to lead ulti mately to a profitable result to themselves and the advan tage of the community. Mr. CROSTHWAITE admitte'd that a portion of the Shareholders from the North of England did apply for an adjournment, in order to get these reports, and therefore they now came there in expectation that those reports would be submitted to them. They had no desire to perplex or injure the interests of the concern. The CIIAIRMAN said, the Directors did not at the time know that both reports might not have been ready'for their inspection. Dr. CARPENTER said, it appeared to him that they were now come to that point at which they had left off at the last meeting. Although he had voted against the adjournment, be cordially thanked the gentlemen from whom it had emanated, because they were now met with more poWer to come to a satisfactory conclusion, even without these reports. The Directors had stated that a special meeting would be held as soon as possible after the receipt of Mr. Wood's report, and he had seen such perfect openness in all their conduct, that he was satisfied whatever the report was it would be submitted to the Proprietors for their decision. He was not anxious to have the other report read, be cause it wtls of a nature to put an end to to the system which they had already adopted ; and after they . bad gone so far as to con s t ruc t v i a d ucts an d t u nnels and b u dges to a considerable extent, on the principle of the br oad . only trthted that no circumstances would i nduce tbe Pro prietors or Directors to deviate front, that principl e. NI VEASITY INTELLIGENCE. 14 4;;N P°41), 0 CT. DI —Tbis being the first dly . of D Mic , t r a c e e l s, - etr... e L r m• P.. congregation was holden for granting Degrees, g,' "en the followiag were conf-rred : eoll ehla '" l. or D ivinity. —Rev. W. Hancock,. of Magdalen a g's r ,Nla...._* ' -ir Att ( C r e : of Arts_ Rev. F. Fulfor . d, of Exeter College, I ,.. e tii r Q • b TaPound E. H. Grimston. All Souls' Col -1,1e1(1, m ' e v. Edward Morris, Christ Cherch ; Rev. James ' °ll —e gdaleo Hall ; and Mr. W. Pulling, Brazen Nose r , CL e ' i "rar t ,; "- '°r% of Arts.—S. D. R. Roper, of St. Mary Hall, lind cl.Cornpounder ; George Warriner, St. Edmund Hall; Oh ?. St. John's College. - P e F e :aP 0 Collins,st d for holding congregations for granting -e '- r.P" ' '`c.. durin g the present Term, are--Thursday, 1113° ' ' 23; Fri daY. Nov n 2; Thursday, N.,v. 15; Thursday, Dee, 'l'7'7; Thursday, Nov. 29; Thursday, Dec. 6 ; Monday, Th e . q ‘.;'''o r ,' rr ' Royal Highnesses the Prince and Princess ma lied t. i. zia arrived at Dover on Monday from town, accop fy,"„lt,lie infant Prince and Princess de Borbone.Their . 91. ,rtfiCdoenhtninesesnets intended to embark the following morning 11111 e ; Y°u ng Ladies Leveson Gower, left Stafford l A h h e i:g el „,, n er t ,, lle 'Green Perk, yesterday, for Paris, attended by ~e D uke iiesses and a great part of the household. This day of t'rd R116 4 : 14 Duchess Sutherland and the Marquis of Staf- Ti ' a ye town for the same destination. . visit tblllteeofbstiliess•Countess of Sutherland will • 't the .te wi, utherland's seat. Trentham Hall, Stafi : rdsh m ir a e n , s. o o n n 14 /1.2,t0 town from Wersley Hall. Her Grace's i_ Itigilton fir her reception The trotee . I' ace is preparing ( e t ived in town on Monday by the North Star steamer, Th itobin direct. w ith k i e 4 arquis of Breadalbane is qtrusing himself t'°01:44°,11034e, shooting on . the moors i round Taymouth Castle. 1,, '4te of „ l nuess and Miss Bit ey will leave Park lane in the , •,:,,,ne next week ter Brighton. -.l „ s r elf - ,ilttrqui,; of Tweeddale is expected to join the ,; 41:: - 1 ,„."‘ at Kialbolton Castle on Saturday next. Pti ~-,7„arquis of Northampton and family have ar ftki"- eid‘ ; e t sle Ashby i , in Northamptonshir . e, from a tour. I 4 son, the Earl Compton, is on nis way home from Ts from 14, , to r r , s of 14114 tile 44rt lui • Lansdowne Took his departure 'ir, liv.‘,Atstle yesterday, and returned to his te.a.t, Bowood 't he ttl, be h.: 4 !A e 4rl °C Lichfield, as Colonel Commandant . of 4 -4 1 *,, -1 , 1 1 4 11- to - t % ' Tw_ ri- % Roy al Regiment of Yeoinahry Cavalry, gave y.,,e-1171.,ditsupperhto George officers and their families, on e Hotel, Lichfield, on the Tam ° I . the ass la s t ,.a-t the e f that corps for duty. 1440 Ste , • ed. In . ;, 0 141.g.141,11. u k reke eper-Getieral of the Ordnance .. and the Y:i. 1 , - ' l nson t.v taken possession of their new mansion th e l'ieseto-tteentts for mer r ly e . occ_upied _by the la a Countess of Essex. %llye"tifel and. Viscountess , Coinbermere arrived at Ito_ - illt yi_o4hhey of Combermere on Thursday last. The la,r, citef ~k7„e u tit and his Lady were me o t . e nt r e t n clis o - f toe t ,i tl the r ,Tni_ d hy . a numerous party r . t vb a t i n h th e t i ltri t a i r d e s e h s by them i t lee w e ted t o 1 : ; his Lord,hip .. 's tena.ntolit•mcaud arches were we, - w th ou , 1 manskn. beveral . i IN 1,,,, ,ss_i Barleydatn, decorated vti l li , evergreens. flags, loolitsw.k, toezerty:h.en returned to the t i e bov., in te ci wn, where good L'iltled fir e ; :hi l io in ot, a s b c u o ri n d c a l n u c tt e ed h pr pal inn. Fire tthe festivities of the day. 1 e ° , 4 t, Ypeat()liiie Thvtine has arrived at Stacknoo e -h,dor entbrokeshire, o'n a visit to the Earl and Countess of to r k iorci i. hii„, l'ohn Russell left Windsor Castle yesterday It buto,,. li o a tori it t?loo and Baroness Dimsdale arrived at Mivatt's W d 43 ' 11 1, from Dover,but will take their departure Ita rt reat 4Y r l . r t ) ! their seat, Catpfield-place, i , n Herts. ( It t t i, tevs eo e l ( t )l cigs will take place at Stantner Park, So ; E arl ' o Celebrate the birth of the infant sou and . heir tlas . ntit v!ind Countess of Chichester. Her Ladyship and s At e g4(l three"cou Pelham are doing The Countes PhIN, daughters, but no scn until the birth of the d 411 ;40e,/yroultnatliTcellor of the Exchequer ha: left his resi. 1 le t 1 , rencherd rear Limerick, for wen. '4 44 • "nn P 'l' town to resume 4 1 ,-ti o , 4. , Pearson has returned to t tit 'llr, tia'7. months in Russia and the north of Europe. 14 t e"°llses Under .rotaryS. of State, has re , "° ‘ln e,n, it„h,,..14 c ,,, '--- rmany. e ttk_ ll4 hte e ' B * --- -T he series of saloons of this splendid : , 114 h 4t are undergoine• extensive decorations and re kq Qo ThPnts. A vt tt , ~ s imila r new set 'of costly chandeliers by Perry I t seed e ds rto those of Buckingham New Palace, will i„ ry shortly in the spacious ball-room. . 414,4t'a%ettirrentle reported that Mr. Scansfield resigns 1,,,, t m to ilecld4sfielel in favour of Mr. Gamier, who is ex kt,ZcsP,.......Tart for that borough with the greatest prospect of ir holi ,rienqiire Herald, ti k rt. Pet' has been mentioned as one . o f _ . 11 . 1 . e r t ' t th ' r "tiotbl qir t i li.eyai e , su ccessor s of the Duke of Sussex. in the . . t.h de t .'R th o , 60ciety, should Sir John Herschel persist in - Lb F e w the post.---Morning Paper. tOilroaPtiept.,ona are likely to be more seriously affected 4P!re,,,, , .. tone the creditors (to a vast amount) on 1 , it, t , tur n principal most of .(so, erect.:e pikes' What is to become both of . übylle . ~,it\:"." qurstions te•gihning to be a-ked, b t tf ti : ) C'l•, i, " . ."'wer, d. -,e_ ~..,, ,s . , • .a • ••••—• . l' . A t. ' M Pl. ( i N DOCK. Te• t; foWifiation s i t i n dd il:: ret 'aeees will by laid tis Friel.ty.—Har"Phire there was anything in the report by which irnprovemeata in the construction of the line might be adopted, the Coin piny would of course avail themselves of it. They had. before them the experiments which had been tried in va rious parts of the kingdom upon Railways, and however im portant. those of Mr. Wood might be, they could not be more so than those which had been already tried on the "'various great Railways throughout the country; where a constant and enormous outlay was required. —(Hear, hear.) He anticipated next to nothing from any future reports, but it was right of the Directors to re ceive them, and to avail themselves of any improvements which they might suggest. Every thin.- which could con duce to the superiority of their grand experimental line should be adopted. They bad commenced upon a system which, the more he viewed it, the. more be considered it marked by prospects of wisdom. When they had met in that room a few years ago,. he told them, that if they did not establish a Railway, they would allow Liverpool to carry away all their traffic, and if there was any thing to v,:hich Bristol owed its renovated spirit, it was to that Railway. He and the other inhabitants of Bristol were as deeply and zealously interested in its success, as the gen tlemen from the North. The Directors were placed in an extremely awkward position arising from the attacks that had been made upon them on all sides, and it was time now to allow them to go on calmly with the works, the progress of which had been suspended. He ap pealed to the gentlimea from the North as men who kid the interests of the Company at heart, and who, he believed, were consciously concerned in its success, to pass the report, and give the Directors an opportunity of proceeding efficiently with the works. He had resisted the appointment of a Committee on the last occasion because he would not devolve upon any set of men the responsibility, which was that of every individual Proprietor.(Hear, hear.) He had come to the conclusion that the broad. gage on the continuous timber bearings were the two gnat principles of their line, and should not be deviated from. Notwithstanding some scientific engineers had objected to the plan, it was the one which must eventually be adopted on all great railways which had any re earl for prospective improvement and increased speed. —(Loud cheering.) Since the last meeting he had himself travelled upon the Great Western line, and he knew of no Railway which could compare with it in precision of move ment. He sat with his eye bearing upon the edge of the window rail, and be had found the motion perfectly p nagel, nod presenting the appearance of a single line of silver.—(Loud cheers and laughter.) Another gentleman who had travelled by the Railway had read standing up, with the greatest ease. Dr. Carpenter then alluded to the difficulty of throwing the carriages off the line, which lie contended could not be done unlss by design, thereby en suring the greatest possible security to passengers.. He had ,io objection to any experiment being tried, by which irn p7ovements might be effected. Mr. Brunel wns not wedded ti his tys cm, and provided f ey Ali , re Ito the broad gag., and the t rifer beirin.s, they might adopt auymodifications they thought proper. The Directorshad very properly availed themselves of all the improvements which experience suggest ed, and had conferred a lasting benefit upon the Shareholders and the public at large. With these views, he could not Iresitatc to recommend the adoption of the report which : - Pid been suspended at the last meeting, but it ought to be cle,.rly understood that they did not pledge, themselves to ny thing for the future. Such being his convictions, he liad no hesitation in proposing that the report of the Direc tors presented at the half yearly meeting on the 15th of August last be now received and adopted. Mr. CASTLE entirely concurred in the sentiments of the last speaker. It was impossible in any new undertaking to expect perfection at once. There was no doubt that the continuous timber bearers gave greater ease and safety in travelling, and he had been informed by a gentleman who travelled upon the part of the Lonilon and Birmingham line recently opened, that it was so dreadfully rough he could hardly keep his seat.—(Laughter, and hear, hear.) lie was aware that the Great Western line was in a simi lar state when first opened, but no line could compete with it for smoothness and comfort since the repairs had been effected. Complaints had been made that the estimates had been nearly doubled, and that the . `2l- millions had been raised to 4,730,0001.; but they ought to recollect that the L3mlon and Birmingham line had already cost 5,000,000/. ,:nd it was generally anticipated that another half million would be required. If a line which was shorter by five miles cost 750,000/. more than theirs, they really could not coinpki;n of the expense of the Great Western line. For these reasons he cordially seconded the motion of Dr, Car- penter. Mr. HEYWORTLI felt the position in which he was placed at the prescnt moment a most onerous one ; hut he was hound to do his duty to a great number of Shareholders. ills course was the more painful, because a special meeting had been proposed to take the reports of Mr. Wood and Mr. Hawkshawe into consideration. He was bound to say, irom what he knew of the report, that, if it had been read :o the meeting, the Proprlotors would not have hesitated to adjourn again. He was obliged to refer to the report of expenditure as given by Mr. Brun& and also to the report itself, in which he stated his views and rrinciplcs of action. Several items of expenditure as contrasted with other lines, appeared very great. For in stance, is the engineering and surveyiag . d-parttnent ; and before he commented on the items, he would surmise that it had ham often said that the engineering department was very def,ctively fulfilled, not by the head engineer, but from the want of assistants. It fo!lowed, that having a smaller number they should not have been burdened with a larLer amount of cots. Tile whole amount expended on the London and Birmingham line, up to its completion, was 81,000/. for engineering. The same item on the Grand Junction Railway, where they had for a time two most cm neat engineers, was 24,0004, while on the Great Wes t-cit.' :ine, where only one-half their capital was expended, and only one-fifth of the work completed—(Cries of" No") —the same item was 61,000/. which would give. 122,000/. for the entire, aganst 81,000/. for the London and Bir mingham, and 24,0001. for the Grand Junction. He did not want to cast any stigma on the Directors, but they had not the practical experience of the Northern gentlemen, ,nd they could not be supposed to be able to control the engineer in his operations. On these grounds he was in . elined to move in amendment on the motion of Dr. Car pe..ter. Other amounts were equally exorbitant. For thee expenses London and Birmingham charge was 34,0001., the Grand Junction was 7,6001., and the Great Western, up to the .30th of June, was 19,0001. He called on the Pioprietors to look at these items ; and if such charges have been made on these matters, how great must have been the expense unnecessarily incurred on the great works of the line.—(Hear, hear.) He would again repeat that he did not mean to cast any reflection on the Directors, but he was not surprised that eh an enormous expense should have been incurred, when he looked at the sentiments expressed by their engineer. fie knew nothing of Mr. Brunel but as a gentleman who had been lately brought forward as an eminent engineer, hut he would read to them a passage to show that under his direction there would be no limit to the amount of ex penditurel7—" In the tunnels exists the greatest difference. On the London and Birmingham Railway, which I refer to as being the best and most analogous case to that of the Great Western Railway, the tunnels are 24 feet wide. On the Great Western Railway the constant width of 30 feet is maintained, more with a %leis of diminishing the objec tions to tunnels, and maintaining the same minimum space which hereafter may form a limit to the size and form of everything carried on the Railway, than from such a width being absolutely necessary." Now, if they had an experienced engineer, he would have known what was absolutely necessary, and he would have limited his amount to that. If such a course of pro ccedin; was carried on, their Railway might as well cost ten unAlions as five millions But that was not an isolated ease, the whole report bore the same character. They were nil aware the nearer the gradient approximated to a horizontal level, the more complete the Railway would be. That was his opinion, but there was one point at which when they arrived—say, 1 in .528, all additional ex pense would be, as regarded the.Shareholders'money,thrown away. Gentlemen placed their property in the hands of an engineer, trusting that not a farthing would be ex pended beyond what was necessary to bring in an income. Mr. Brunel had not followed up that system in the econo mical way a man of business ought, and it appeared that the Directors themselves were inoculated with his vievvsr. Under these circumstances he was compelled to come for ward most reluctantly, and move an amendment. He trz! , ready to afford the greatest latitude to Mr. Brunel, and it 1: in a was not until the matter had been presented t0 . _0.m . : t _ palpable manner that he had seen the them by b l y " which their engineer bad involved them I , He would settin; at nought all principles of ecottom w Y c . re two lines new refer to the Kyanizing, and the re _ with which he could contras t it and c the _ Birmingham and Glou , es.. tcr,w• _ ' h s ic tB hi The Manchester, Bolton, and Bury one, which co c O/. 0 u Id per be mi l le e ' t by G rea t Western cost 607/. per mile. He would tract for 3201. a-mile , wh:veo the o to the formation of tanks, premising that one n e of t hose lines was 10 miles long, and the other 23 . the Bristol and Gloucester the gross amou nt for tank s was 1,5251•, while the Great Western cos t 12,000/• He asked, under these circum s t ance s, was not justified in the course he h a d a d o pt e d ? h'tem w as the formation of th e p ermanen t way c • c h en the 80l yton and Bur cost 5,2801., and on the whether e r he `shit Great W e stern 10,200/., being nearly double the amount. Ile would not offer any further observations, except to ask Mr. Brunel one question, with respect to a paragraph The difference in the quantity of land required is under half an acre to a mite. On the whole the increased dimensions 10 feet to 12 will not cause any average increased expense in the construction of the' works, and purchase of land, of above 7 per cent.-8 per cent. baying originally